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Previous: TALK CITY INC, S-8, 2000-01-06 |
Next: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999 2 TRUST, 8-K, 2000-01-06 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 27, 1999
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1999-1 Trust
New York (governing law of 333-65481-04 52-2159820
Pooling and Servicing Agreement) (Commission 52-2159830
(State or other File Number) IRS EIN
jurisdiction
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway 21044
Columbia, Maryland (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (410) 884-2000
Former name or former address, if changed since last report)
ITEM 5. Other Events
On December 27, 1999 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1999-1
Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of
Regulation S-K
Exhibit Number Description
Monthly report distributed to holders of
EX-99.1 Mortgage Pass-Through Certificates, Series
1999-1 Trust, relating to the December 27,
1999 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1999-1 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 12/28/99
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1999-1 Trust, relating to the December 27,
1999 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 11/30/99
Distribution Date: 12/27/99
NASCOR Series: 1999-1
Contact: Customer Service - SecuritiesLink
Norwest Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
APO NMB9901PO PO 0.00000% 236,191.36 0.00 241.56
A-1 66937RKX6 PAC 5.75000% 107,988,000.00 517,442.50 0.00
A-2 66937RKY4 PAC 5.90000% 104,531,000.00 513,944.08 0.00
A-3 66937RKZ1 SEQ 6.10000% 43,445,220.32 220,846.54 1,156,410.38
A-4 66937RLA5 SEQ 6.10000% 94,200,827.34 478,854.21 2,557,979.77
A-5 66937RLB3 SEQ 6.10000% 1,900,000.00 9,658.33 0.00
A-6 66937RLC1 COMP 6.50000% 83,493,240.74 618,528.40 -394,838.39
A-7 66937RLD9 SEQ 6.50000% 0.00 0.00 0.00
A-8 66937RLE7 SEQ 6.50000% 4,717,049.17 25,550.68 -25,550.68
A-9 66937RLF4 SEQ 6.50000% 4,629,750.02 25,077.81 34,638.33
A-R 66937RLG2 R 6.50000% 100.00 0.54 0.00
A-LR 66937RLH0 R 6.50000% 100.00 0.54 0.00
B-1 66937RLJ6 SUB 6.50000% 6,944,607.55 37,616.62 6,118.67
B-2 66937RLK3 SUB 6.50000% 6,696,692.10 36,273.75 5,900.24
B-3 66937RLL1 SUB 6.50000% 2,232,230.70 12,091.25 1,966.75
B-4 66937RLR8 SUB 6.50000% 1,487,492.69 8,057.25 1,310.58
B-5 66937RLS6 SUB 6.50000% 991,661.80 5,371.50 873.72
B-6 66937RLT4 SUB 6.50000% 994,321.35 5,385.91 727.88
Totals 464,488,485.14 2,514,699.91 3,345,778.81
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
APO 0.00 235,949.80 241.56 0.00
A-1 0.00 107,988,000.00 517,442.50 0.00
A-2 0.00 104,531,000.00 513,944.08 0.00
A-3 0.00 42,288,809.93 1,377,256.92 0.00
A-4 0.00 91,642,847.57 3,036,833.98 0.00
A-5 0.00 1,900,000.00 9,658.33 0.00
A-6 0.00 83,888,079.12 223,690.01 0.00
A-7 0.00 0.00 0.00 0.00
A-8 0.00 4,742,599.85 0.00 0.00
A-9 0.00 4,595,111.69 59,716.14 0.00
A-R 0.00 100.00 0.54 0.00
A-LR 0.00 100.00 0.54 0.00
B-1 0.00 6,938,488.88 43,735.29 0.00
B-2 0.00 6,690,791.86 42,173.99 0.00
B-3 0.00 2,230,263.95 14,058.00 0.00
B-4 0.00 1,486,182.11 9,367.83 0.00
B-5 0.00 990,788.07 6,245.22 0.00
B-6 148.18 993,445.29 6,113.79 1,275.29
Totals 148.18 461,142,558.12 5,860,478.72 1,275.29
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
APO 239,302.50 236,191.36 230.54 11.02 0.00 0.00
A-1 107,988,000.00 107,988,000.00 0.00 0.00 0.00 0.00
A-2 104,531,000.00 104,531,000.00 0.00 0.00 0.00 0.00
A-3 50,000,000.00 43,445,220.32 136,182.86 1,020,227.52 0.00 0.00
A-4 108,700,000.00 94,200,827.34 301,236.49 2,256,743.28 0.00 0.00
A-5 1,900,000.00 1,900,000.00 0.00 0.00 0.00 0.00
A-6 80,000,000.00 83,493,240.74 0.00 0.00 -394,838.39 0.00
A-7 11,930,000.00 0.00 0.00 0.00 0.00 0.00
A-8 10,436,000.00 4,717,049.17 0.00 0.00 -25,550.68 0.00
A-9 5,000,000.00 4,629,750.02 4,079.13 30,559.20 0.00 0.00
A-R 100.00 100.00 0.00 0.00 0.00 0.00
A-LR 100.00 100.00 0.00 0.00 0.00 0.00
B-1 7,003,000.00 6,944,607.55 6,118.67 0.00 0.00 0.00
B-2 6,753,000.00 6,696,692.10 5,900.24 0.00 0.00 0.00
B-3 2,251,000.00 2,232,230.70 1,966.75 0.00 0.00 0.00
B-4 1,500,000.00 1,487,492.69 1,310.58 0.00 0.00 0.00
B-5 1,000,000.00 991,661.80 873.72 0.00 0.00 0.00
B-6 1,002,681.91 994,321.35 727.88 0.00 0.00 148.18
Totals 500,234,184.41 464,488,485.14 458,626.86 3,307,541.02 (420,389.07) 148.18
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
APO 241.56 235,949.80 0.98598970 241.56
A-1 0.00 107,988,000.00 1.00000000 0.00
A-2 0.00 104,531,000.00 1.00000000 0.00
A-3 1,156,410.38 42,288,809.93 0.84577620 1,156,410.38
A-4 2,557,979.77 91,642,847.57 0.84308047 2,557,979.77
A-5 0.00 1,900,000.00 1.00000000 0.00
A-6 (394,838.39) 83,888,079.12 1.04860099 (394,838.39)
A-7 0.00 0.00 0.00000000 0.00
A-8 (25,550.68) 4,742,599.85 0.45444613 (25,550.68)
A-9 34,638.33 4,595,111.69 0.91902234 34,638.33
A-R 0.00 100.00 1.00000000 0.00
A-LR 0.00 100.00 1.00000000 0.00
B-1 6,118.67 6,938,488.88 0.99078807 6,118.67
B-2 5,900.24 6,690,791.86 0.99078807 5,900.24
B-3 1,966.75 2,230,263.95 0.99078807 1,966.75
B-4 1,310.58 1,486,182.11 0.99078807 1,310.58
B-5 873.72 990,788.07 0.99078807 873.72
B-6 876.06 993,445.29 0.99078809 727.88
Totals 3,345,926.99 461,142,558.12 0.92185335 3,345,778.81
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
APO 239,302.50 986.99913290 0.96338317 0.04605050 0.00000000
A-1 107,988,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2 104,531,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 50,000,000.00 868.90440640 2.72365720 20.40455040 0.00000000
A-4 108,700,000.00 866.61294701 2.77126486 20.76120773 0.00000000
A-5 1,900,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6 80,000,000.00 1043.66550925 0.00000000 0.00000000 -4.93547987
A-7 11,930,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A-8 10,436,000.00 451.99781238 0.00000000 0.00000000 -2.44832120
A-9 5,000,000.00 925.95000400 0.81582600 6.11184000 0.00000000
A-R 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-LR 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 7,003,000.00 991.66179495 0.87372126 0.00000000 0.00000000
B-2 6,753,000.00 991.66179476 0.87372131 0.00000000 0.00000000
B-3 2,251,000.00 991.66179476 0.87372279 0.00000000 0.00000000
B-4 1,500,000.00 991.66179333 0.87372000 0.00000000 0.00000000
B-5 1,000,000.00 991.66180000 0.87372000 0.00000000 0.00000000
B-6 1,002,681.91 991.66180230 0.72593311 0.00000000 0.00000000
<FN>
(2) Per $1,000 denominations.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
APO 0.00000000 1.00943367 985.98969923 0.98598970 1.00943367
A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-3 0.00000000 23.12820760 845.77619860 0.84577620 23.12820760
A-4 0.00000000 23.53247259 843.08047443 0.84308047 23.53247259
A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-6 0.00000000 -4.93547987 1,048.60098900 1.04860099 -4.93547987
A-7 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-8 0.00000000 -2.44832120 454.44613358 0.45444613 -2.44832120
A-9 0.00000000 6.92766600 919.02233800 0.91902234 6.92766600
A-R 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-LR 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-1 0.00000000 0.87372126 990.78807368 0.99078807 0.87372126
B-2 0.00000000 0.87372131 990.78807345 0.99078807 0.87372131
B-3 0.00000000 0.87372279 990.78807197 0.99078807 0.87372279
B-4 0.00000000 0.87372000 990.78807333 0.99078807 0.87372000
B-5 0.00000000 0.87372000 990.78807000 0.99078807 0.87372000
B-6 0.14778366 0.87371677 990.78808553 0.99078809 0.72593311
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
APO 239,302.50 0.00000% 236,191.36 0.00 0.00 0.00
A-1 107,988,000.00 5.75000% 107,988,000.00 517,442.50 0.00 0.00
A-2 104,531,000.00 5.90000% 104,531,000.00 513,944.08 0.00 0.00
A-3 50,000,000.00 6.10000% 43,445,220.32 220,846.54 0.00 0.00
A-4 108,700,000.00 6.10000% 94,200,827.34 478,854.21 0.00 0.00
A-5 1,900,000.00 6.10000% 1,900,000.00 9,658.33 0.00 0.00
A-6 80,000,000.00 6.50000% 114,189,859.05 618,528.40 0.00 0.00
A-7 11,930,000.00 6.50000% 0.00 0.00 0.00 0.00
A-8 10,436,000.00 6.50000% 4,717,049.17 25,550.68 0.00 0.00
A-9 5,000,000.00 6.50000% 4,629,750.02 25,077.81 0.00 0.00
A-R 100.00 6.50000% 100.00 0.54 0.00 0.00
A-LR 100.00 6.50000% 100.00 0.54 0.00 0.00
B-1 7,003,000.00 6.50000% 6,944,607.55 37,616.62 0.00 0.00
B-2 6,753,000.00 6.50000% 6,696,692.10 36,273.75 0.00 0.00
B-3 2,251,000.00 6.50000% 2,232,230.70 12,091.25 0.00 0.00
B-4 1,500,000.00 6.50000% 1,487,492.69 8,057.25 0.00 0.00
B-5 1,000,000.00 6.50000% 991,661.80 5,371.50 0.00 0.00
B-6 1,002,681.91 6.50000% 994,321.35 5,385.91 0.00 0.00
Totals 500,234,184.41 2,514,699.91 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
APO 0.00 0.00 0.00 0.00 235,949.80
A-1 0.00 0.00 517,442.50 0.00 107,988,000.00
A-2 0.00 0.00 513,944.08 0.00 104,531,000.00
A-3 0.00 0.00 220,846.54 0.00 42,288,809.93
A-4 0.00 0.00 478,854.21 0.00 91,642,847.57
A-5 0.00 0.00 9,658.33 0.00 1,900,000.00
A-6 0.00 0.00 618,528.40 0.00 114,356,119.58
A-7 0.00 0.00 0.00 0.00 0.00
A-8 0.00 0.00 25,550.68 0.00 4,742,599.85
A-9 0.00 0.00 25,077.81 0.00 4,595,111.69
A-R 0.00 0.00 0.54 0.00 100.00
A-LR 0.00 0.00 0.54 0.00 100.00
B-1 0.00 0.00 37,616.62 0.00 6,938,488.88
B-2 0.00 0.00 36,273.75 0.00 6,690,791.86
B-3 0.00 0.00 12,091.25 0.00 2,230,263.95
B-4 0.00 0.00 8,057.25 0.00 1,486,182.11
B-5 0.00 0.00 5,371.50 0.00 990,788.07
B-6 0.00 0.00 5,385.91 0.00 993,445.29
Totals 0.00 0.00 2,514,699.91 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
APO 239,302.50 0.00000% 986.99913290 0.00000000 0.00000000 0.00000000
A-1 107,988,000.00 5.75000% 1000.00000000 4.79166667 0.00000000 0.00000000
A-2 104,531,000.00 5.90000% 1000.00000000 4.91666663 0.00000000 0.00000000
A-3 50,000,000.00 6.10000% 868.90440640 4.41693080 0.00000000 0.00000000
A-4 108,700,000.00 6.10000% 866.61294701 4.40528252 0.00000000 0.00000000
A-5 1,900,000.00 6.10000% 1000.00000000 5.08333158 0.00000000 0.00000000
A-6 80,000,000.00 6.50000% 1427.37323812 7.73160500 0.00000000 0.00000000
A-7 11,930,000.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000
A-8 10,436,000.00 6.50000% 451.99781238 2.44832120 0.00000000 0.00000000
A-9 5,000,000.00 6.50000% 925.95000400 5.01556200 0.00000000 0.00000000
A-R 100.00 6.50000% 1000.00000000 5.40000000 0.00000000 0.00000000
A-LR 100.00 6.50000% 1000.00000000 5.40000000 0.00000000 0.00000000
B-1 7,003,000.00 6.50000% 991.66179495 5.37150079 0.00000000 0.00000000
B-2 6,753,000.00 6.50000% 991.66179476 5.37150155 0.00000000 0.00000000
B-3 2,251,000.00 6.50000% 991.66179476 5.37150155 0.00000000 0.00000000
B-4 1,500,000.00 6.50000% 991.66179333 5.37150000 0.00000000 0.00000000
B-5 1,000,000.00 6.50000% 991.66180000 5.37150000 0.00000000 0.00000000
B-6 1,002,681.91 6.50000% 991.66180230 5.37150411 0.00000000 0.00000000
<FN>
(5) Per $1,000 denominations.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
APO 0.00000000 0.00000000 0.00000000 0.00000000 985.98969923
A-1 0.00000000 0.00000000 4.79166667 0.00000000 1000.00000000
A-2 0.00000000 0.00000000 4.91666663 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 4.41693080 0.00000000 845.77619860
A-4 0.00000000 0.00000000 4.40528252 0.00000000 843.08047443
A-5 0.00000000 0.00000000 5.08333158 0.00000000 1000.00000000
A-6 0.00000000 0.00000000 7.73160500 0.00000000 1429.45149475
A-7 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-8 0.00000000 0.00000000 2.44832120 0.00000000 454.44613358
A-9 0.00000000 0.00000000 5.01556200 0.00000000 919.02233800
A-R 0.00000000 0.00000000 5.40000000 0.00000000 1000.00000000
A-LR 0.00000000 0.00000000 5.40000000 0.00000000 1000.00000000
B-1 0.00000000 0.00000000 5.37150079 0.00000000 990.78807368
B-2 0.00000000 0.00000000 5.37150155 0.00000000 990.78807345
B-3 0.00000000 0.00000000 5.37150155 0.00000000 990.78807197
B-4 0.00000000 0.00000000 5.37150000 0.00000000 990.78807333
B-5 0.00000000 0.00000000 5.37150000 0.00000000 990.78807000
B-6 0.00000000 0.00000000 5.37150411 0.00000000 990.78808553
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<S> <C> <C> <C> <C> <C> <C>
A-6 IO 6.50000% 22,109,169.23 22,109,169.23 0.00 0.00 100.00000000%
A-6 IO 6.50000% 8,587,449.09 8,358,871.23 0.00 0.00 84.57761988%
A-6 PAC 6.50000% 0.00 0.00 10,600,000.00 10,600,000.00 100.00000000%
A-6 SCH 6.50000% 0.00 0.00 72,893,240.74 73,288,079.12 105.60241948%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 20,900.30
Deposits
Payments of Interest and Principal 5,965,632.91
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 5,965,632.91
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 101,261.39
Payment of Interest and Principal 5,860,478.75
Total Withdrawals (Pool Distribution Amount) 5,961,740.14
Ending Balance 24,793.07
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 2,139.60
Servicing Fee Support 2,139.60
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 96,820.81
Master Servicing Fee 6,580.18
Supported Prepayment/Curtailment Interest Shortfall 2,139.60
Net Servicing Fee 101,261.39
</TABLE>
<TABLE>
<CAPTION> CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 7 2,000,310.10 0.509091% 0.433773%
60 Days 1 238,447.67 0.072727% 0.051708%
90+ Days 0 0.00 0.000000% 0.000000%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 8 2,238,757.77 0.581818% 0.485481%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 148.18
Cumulative Realized Losses - Includes Interest Shortfall 1,275.29
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 823,042.17
</TABLE>
<TABLE>
<CAPTION>
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Current Next
Original $ Original % Current $ Current % Class% Prepayment%
<S> <C> <C> <C> <C> <C> <C> <C>
Class A 19,509,681.91 3.90010969% 19,329,960.16 4.19175368% 95.806100% 100.000000%
Class B-1 12,506,681.91 2.50016538% 12,391,471.28 2.68712377% 1.505400% 0.000000%
Class B-2 5,753,681.91 1.15019767% 5,700,679.42 1.23620762% 1.451659% 0.000000%
Class B-3 3,502,681.91 0.70020843% 3,470,415.47 0.75256890% 0.483886% 0.000000%
Class B-4 2,002,681.91 0.40034887% 1,984,233.36 0.43028632% 0.322448% 0.000000%
Class B-5 1,002,681.91 0.20044250% 993,445.29 0.21543127% 0.214965% 0.000000%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.215542% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
<S> Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 132,416.57 0.02647092% 132,416.57 0.02871489%
Fraud 10,004,683.69 2.00000000% 10,004,683.69 2.16954248%
Special Hazard 5,477,967.00 1.09508050% 5,477,967.00 1.18791183%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed 30 Year
Weighted Average Gross Coupon 7.228936%
Weighted Average Pass-Through Rate 6.500000%
Weighted Average Maturity(Stepdown Calculation) 346
Beginning Scheduled Collateral Loan Count 1,383
Number Of Loans Paid In Full 8
Ending Scheduled Collateral Loan Count 1,375
Beginning Scheduled Collateral Balance 464,488,485.14
Ending Scheduled Collateral Balance 461,142,558.13
Ending Actual Collateral Balance at 30-Nov-1999 462,480,775.79
Ending Scheduled Balance For Norwest 335,149,259.28
Ending Scheduled Balance For Other Services 125,993,298.85
Monthly P &I Constant 3,029,789.33
Class A Optimal Amount 5,738,543.04
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 446,433,206.95
Ending scheduled Balance For discounted Loans 14,709,351.18
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 409,365,054.60
Greater Than 80%, less than or equal to 85% 10,017,950.42
Greater than 85%, less than or equal to 95% 39,653,599.10
Greater than 95% 2,198,900.99
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
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